TCS on foreign remittance limit hiked from Rs 7 lakh: Check the new limit announced in Budget 2025TCS Limit in Budget 2025: FM proposes to hike the TCS limit to Rs 10 lakh from Rs 7 lakh currently. The TCS is applicable to the outward fo...
New income tax slabs for FY 2025-26: 30% tax now starts at Rs 24 lakh, income up to Rs 20 lakh to be taxed at 20% in Budget 2025Budget 2025 Income tax slab changes: The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable fro...
5 Budget 2025 proposals that save tax and eases compliance burdenIncome tax compliance for taxpayers: Budget 2025 has hiked the income tax basic exemption limit, introduced new income tax slabs under the ...
New income tax calculation after Budget: How much tax will salaried save on incomes of Rs 12.75 lakh, Rs 15 lakh, Rs 20 lakh, Rs 25 lakh under new tax regimeIncome Tax Calculator: Income Tax Calculation as Per New Tax Regime: Read this EY analysis on how much additional tax savings a salaried em...
From NPS to home loan: Top tax expectations from Budget 2025Ishita Sengupta discusses potential tax changes, including a higher standard deduction, increased exemption limits, and home loan benefits ...
New 25% tax rate for middle class, no tax on income up to Rs 8 lakh expected in Budget 2025The Government's endeavour has been to promote the new tax regime, and personal tax changes in the last few Budgets have been made only for...
Budget 2025: Sitharaman likely to give India’s ‘aam aadmi’ what they want?Union Budget 2025 holds high expectations from India’s middle class, especially for tax relief to boost consumption and counter slowing gro...
Can you claim income tax refund for previous years even after revised ITR deadline is over? Difficult but possibleclaim income tax refund: An individual can claim income tax refund while filing their income tax return. However, it may happen that the ta...
PwC spin-off Vialto to restructure $1.5 bln debt after cost overruns: ReportGlobal tax and immigration consultancy firm Vialto, formerly part of PwC, is planning to restructure $1.5 billion of debt after facing fina...
No more reopening, re-assessment of old ITR beyond 3 years if escaped income is below Rs 50 lakhRe-Assessment of Old ITR: Budget 2024 has brought significant relief as tax authorities are no longer allowed to reopen old income tax retu...
What income tax changes are coming in first Modi 3.0 Budget — hike in standard deduction or basic exemption limit or both?Budget 2024 expectations: Hopes are high that Finance Minister Nirmala Sitharaman will announce some populist measures in Budget 2024 to ea...
Income Tax Bonanza in Budget 2024: Will FM Sitharaman make new tax regime attractive in Budget? Changes taxpayers wantBudget expectations 2024 of taxpayers: The Finance Minister, Nirmala Sitharaman, needs to make the new tax regime more attractive to taxpay...
More tax savings from NPS in Budget 2024? Expect employer's share to rise to 12%, additional Rs 50,000 NPS deduction in new tax regimeNPS changes in Budget 2024: Currently, the deduction in respect of the employer’s contribution (capped at 10%) to NPS is allowed under both...